Gold rises as dollar, stocks ease ahead of U.S.-China talks
Gold rises as dollar, stocks ease ahead of U.S.-China talks
China’s Gold Bullion Scales Upwards for 10th Straight Month Amid US Trade War Limbo
09 October, 2019, 17:10
Spot gold slipped 0.4% to US$1,498.27 per ounce at 12:38 p.m. (1638 GMT).
Gold prices advanced on Monday as markets braced for US-China trade negotiations during the week with lesser hopes of a breakthrough, following a report that Chinese officials may not be as willing to bend.
The odds of a US rate cut when the Federal Open Markets Committee meets on October 29-30 appeared to increase earlier after producer prices fell by the most in eight months, leaving the annual rate of factory gate inflation at 1.4%, its lowest since 2016.
"There's a possibility the U.S".
The results of the latest USA jobs report supported expectations that the Fed will go ahead with a quarter percentage point rate cut at the end of October, which will spur gold gains. "That's the reason why there's a small flight into safe-haven products", said Phillip Streible, senior commodities strategist at RJO Futures. "We're just stuck in this range".
In a setback for prospects of an orderly Brexit, a British source said that German Chancellor Angela Merkel told Prime Minister Boris Johnson by phone that a deal was "overwhelmingly unlikely" unless Britain left its province of Northern Ireland in Europe's customs union.
These haven assets became desirable after 28 new Chinese firms were blacklisted by Washington ahead of trade talks.
"It's (gold) got a little bit of downside exposure because there are a lot of people reassessing what happened as they had been too bearish on the economic outlook and current conditions, and they're backing away from that", said Jeffrey Christian, managing partner of CPM Group.
Traders were also looking ahead to the minutes of the Federal Reserve's recent policy meeting to know the central bank's outlook about future interest rate cuts.
However, limiting gold's advance, the dollar climbed to a near one-week high on Tuesday, making bullion more expensive for holders of other currencies. By contrast, European investors, who had bought earlier against a backdrop of Brexit concerns and the European Central Bank's negative interest rates, added only 7.7 tons.
December silver, meanwhile, gained 0.9% and finished at $17.70 an ounce, after dipping 0.5% in the last session.
To protect against a sharp global slowdown, Georgieva called on countries with funds available to deploy their "fiscal firepower". The effects of trade conflicts would lead to a loss of around $700 billion or 0.8% reduction in GDP output by 2020.
The Yamatotai fishing grounds is in a shallower area and is known to be good for catching "surumeika" (Japanese flying squid). Kyodo reported that according to the 9th Regional Coast Guard Headquarters in Niigata, the DPRK ship sank at around 09:30.
Turkey has been poised to advance into northeast Syria since U.S. troops began vacating the area in an abrupt policy shift by U.S. A number of Trump allies, including Republican Senator Lindsey Graham, said the move was "a shot in the arm for the bad guys".
After Sunday's game, Santos called the day "very painful" and "extremely disappointing", according to Titans.com. Succop was placed on injured reserve due to a knee injury, and is not eligible to return until after Week 8.
In June this year, two of the air force's Eurofighter jets crashed after colliding in mid-air in northeastern Germany. The pilot was able to eject out of the aircraft in time and was taken to hospital suffering minor injuries.
As mentioned earlier, Thierry Henry also praised his former manager, who lifted 17 trophies during his time with Arsenal . The former French striker said: 'Boss, congratulations, another honour, well deserved.
He carded a triple-bogey after his chip just barely rolled off the back of the green, taking his four-shot lead back to just one. Then, he hit into the water on the par-5 16th and lost the lead for the first time all day with a bogey.
Johnson says Britain will leave without a negotiated settlement if a deal can't be reached by the Brexit deadline of October 31. A Downing Street spokesperson said: "The Prime Minister stated his preference for leaving the European Union with a deal ".
Boeing customers received 63 planes in the third quarter, eight of which were commercial variants for military customers. Boeing, headquartered in Chicago , has 4,930 737 MAX planes on order, but has only delivered 387 of them so far.
Ade Goodchild landed a £71 million prize in March, while another anonymous ticket-holder bagged £35.2 million in April. He added that it had "been a fantastic year" for UK EuroMillions players, with five jackpot wins.
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He hit a game-ending homer for the Yankees in Game 2 against Minnesota in the 2009 ALDS. "I got one in the zone and I hit it out". He struggled in the first inning, allowing 12 of his 23 home runs, but he gave up just six homers in his final 11 starts.
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